Company briefs
F&N's distribution of FCL shares gets nod
FRASER & Neave (F&N) shareholders have voted unanimously in favour of its proposed distribution of the entire issued share capital of subsidiary, Frasers Centrepoint's (FCL's) shares, by way of a dividend in specie - on the basis of two FCL shares for each ordinary share in the issued share capital of F&N - at an extraordinary general meeting yesterday. The support votes include those from TCC Assets, which holds 61.67 per cent of the issued ordinary shares in F&N.
Haw Par Q3 net up 9.1% at $22.4m
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices hold ground as traders eye US Fed cues
Amazon’s AWS puts another S$12 billion into its Singapore cloud infrastructure
UG Healthcare fully acquires German subsidiary for 16.9 million euros
SGX securities turnover jumps 37% in April; derivatives activity continues to gain ground
Singapore shares dip at Wednesday’s open; STI down 0.4%
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up